Vehicle Leasing FAQs

There are a number of reasons to consider leasing your vehicles – Affordable monthly payments…Potential tax benefits…Maintaining present lines of credit…Retention of company cash…Ease of acquisition…

Are there different types of leases?

Yes… Each of the Capital Lease Group leases is designed and tailored to fit the needs of each individual company. Leasing considerations are Walk-A-Way, Equity, Seasonal, Annual Payment, Single Payment, etc…

Is leasing a better alternative than purchasing?

Each company has a different situation. In some cases, purchasing may be the better alternative, but without analyzing the goals of the company, it would be difficult to say. 80% of U.S. Companies utilize leasing as a way to acquire their company vehicles.

I’ve heard there is an excess mileage charge and wear and tear charge at lease end. Is that true?

Consumer/Retail/Dealership Leases can have higher excess mileage charges on the back end.

It would depend on the type of lease entered into. However, at Capital Lease Group we have a variety of commercial leases designed to not allow end of lease surprises

What if I have to cancel my lease… will I be able to?

Absolutely. All Capital Lease Group leases are designed to be able to be cancelled after an initial period of 12 months.

If I decide to buy my vehicle after the lease is over, will I be able to?

Yes

What will I pay for my vehicle at the end of the lease?

It will depend on the kind of lease entered into. Capital Lease Group offers leases that have a guaranteed payoff, fair market value, $1.00 buy or whatever is the best alternative for your company.

I just purchased some vehicles. Could you buy them and lease them back to me?

Absolutely… Purchase/Leasebacks add revenue to a company’s bottom line as well as create open lines of credit for business expansion and improve cash flow. The lease can even be structured to keep it off your balance sheet.

I’ve been told it is necessary to also purchase additional services with a lease. Is this true?

Definitely not… However, Capital Lease Group does offer many additional services from Full Loaner Vehicles to Rentals to Maintenance to Insurance Protection, if it is requested.

My company has vehicles all across the country. Is that a problem to handle?

Not at all. Our home office is located in Massachusetts, but we handle vehicles all across the country.

If I lease with you, how do I dispose of our current vehicles?

We have a remarketing department that will handle all disposals and use any equity as a cap cost reduction or send you back a check for any equity available.

What vehicle manufacturers do you deal with?

Capital Lease Group is not tied down to one manufacturer. We work with all domestic as well as foreign nameplates. We are a one-stop-shop, and as an independent lessor, we are free to offer the solution that works best for your company.

I purchase other equipment besides vehicles. Can I lease it as well?

Yes… Capital Lease Group has financial arms that reach out to all sectors for the purpose of leasing your other equipment.

Who is responsible for Insurance on the vehicle?

Insurance is the responsibility of the end user. However, Capital Lease Group would be able to insure your vehicles through our in house managed Insurance program if requested.

How is registering a leased vehicle handled?

Capital Lease Group will make sure your vehicle is registered and plated. Some states may require the drivers involvement, but you would be notified in advance in such cases.

Is there a warranty on a leased vehicle?

Yes… The same warranty that would apply if the vehicle was purchased from a dealership.